Did you know that you can claim deduction for the payment made with regards to Stamp Duty and Registration Cost under section 80C? If not! Let me tell you, as per Section 80C of Income tax Act, 1961, one can claim Stamp Duty and Registration Charges of House Property upto Rs. 1,00,000. However, the deduction is available only if such expenses have been incurred in respect of a new house property.  Also the amount of such stamp duty or the registration charge for which the deduction is expected by the assessee (tax payer) should be paid in the previous year. Expense of earlier years in this respect shall not be eligible for deduction under section 80c. For example; If you have to claim such expenses during the assessment year 2014-15 for the total income earned during financial year 2013-14, then the expenses incurred during financial year 2013-14 are only allowed, but not before.

Further Section 80C(2)(xviii)(d) of the Income-tax Act, deduction of stamp duty, registration fee and other expenses for the purpose of transfer of house property is allowed only if the same is for the purpose of purchase or construction of a residential house.

There is something to be noted:

Stamp duty charges and registration charges paid while purchasing a new house are eligible for tax deduction under Section 80C. Now, what is the meaning of new house is; you are purchasing for the first time and no one stayed in that house previously. That means it is not a resold property.

Also the assessee himself must pay such amount to claim deduction under section 80C and the house property should be in his/her name. Deductions shall not be available to any other member within in the same family making the payment on behalf of the assessee.

Must know conditions to claim deduction:

  1. Amount must have been paid by the assessee.
  2. The deduction can be claimed only in the year when payment is made.
  3. The claim is entitled only after possession of the property.
  4. The house should be in the name of the assessee claiming deduction.
  5. The deduction is available upto the limit of Rs. 1,00,000 u/s 80C.
  6. This deduction is available only for the purchase of new residential house property and not commercial property.
Stamp Duty and Registration Charges can be claimed as Deduction u/s 80C

134 thoughts on “Stamp Duty and Registration Charges can be claimed as Deduction u/s 80C

  • January 9, 2014 at 7:13 PM
    Permalink

    Hi Soubhagya ,

    I have bought and got my under construction house registered on 6th Jan 14 in pune .
    Registration and stamp duty were paid online through RTGS on 30 Dec 13 .

    I did not understood from above, if i can claim under 80C for current financial year or would be eligible in next financial year ?

    Also, the Registration and stamp duty were paid by me online , However in sale agreement and Index 2 my wife is also co owner.

    Can she also claim for this benefit ?

    Thanks in advance
    Rahul

    Reply
    • January 9, 2014 at 7:37 PM
      Permalink

      Hi Rahul,

      The stamp duty and registration charges incurred during Decemebr 2013 can be claimed in this financial year (for the assessment year 2014-15) only. Since such payments have been done by you, thus you are only eligible to claim deduction u/s 80C.

      Reply
      • September 30, 2014 at 11:31 AM
        Permalink

        if i made agreement in Oct.2014 and will get possesion in July.2015 so can i claim for stamp duty & registration if i fill ITR in say Aug.2015 ?

        Reply
        • October 1, 2014 at 9:26 PM
          Permalink

          Hi Sachin,

          It won’t be allowed. I believe registration and payment of stamp duty happens in Oct’14 and possession in Aug’15.

          Reply
        • September 18, 2015 at 1:25 PM
          Permalink

          Hello MrPatra
          we purchased under construction flat from builder (self: co owner, 50:50) with home loan (self: first borrower). booking was done in Aug 2012, possession given on 25 March 2015. i purchased stamp paper worth 4.14 lacs in june 2015,registration effected in sept 2015, paid registration 1.03 lacs.
          can I claim tax exemption on registration and stamp duty in FY 2015_16? This year’s return is already filed by me in July 2015.
          will be eagerly awaiting your response. thanks.

          Reply
          • October 1, 2015 at 7:56 PM
            Permalink

            Hi Sarkar,

            You have got the possession before Fy 2015-16 & stamp duty paid during Fy 2015-16. It may not be allowed.

  • March 10, 2014 at 8:01 PM
    Permalink

    stamp duty paid on agreement to sell on 10/03/2014. However, actual sale deed will take place in april 2016. Whether the deduction is allowable u/s 80(C) during AY 14-15?

    Please reply asap….it’s urgent.

    Reply
    • March 10, 2014 at 9:35 PM
      Permalink

      Hi Prasad,

      Since sale deed has not been formalised during FY 2013-14, then possession can not be considered for the current financial year. Basis this, I find there is no such deduction will be allowed u/s 80C.

      P.S. read list of conditions given

      Reply
  • May 22, 2014 at 12:11 PM
    Permalink

    HI,

    I am planning to purchase a residential flat for which Me and my brother will bear the charges for stamp duty in the moth of june or july-2014.

    Can we claim this amount in income tax under section 80C as an benefit in assesment year 2014-15.
    How both persons can be benifited on this.(Me and my brother,If the amount is approx 2 Lakhs INR and we both are contributing equally)
    Kindly reply ASAP
    Thanks,
    Kapil

    Reply
    • May 23, 2014 at 3:42 PM
      Permalink

      Hi Kapil,

      You can take the benefits for deduction for the financial year 2014-15 i.e. assessment year 2015-16. You both can claim upto Rs. 1,00,000 u/s 80C.

      Reply
      • August 26, 2015 at 1:25 PM
        Permalink

        i have purchased and registration done in november-2013
        can i claim in 2014-15 or not?

        Reply
        • August 28, 2015 at 9:38 PM
          Permalink

          No! It will not be allowed for FY 2014-15

          Reply
  • June 2, 2014 at 11:41 AM
    Permalink

    i purchased a property in October 2013 in Hyderabad, but registration has to be done in November 2014 and builder will hand over to me on April 15. Can i be eligible to claim registration charges under 80C and which financial year?

    Reply
    • June 2, 2014 at 11:36 PM
      Permalink

      Hi Vivek,

      You can’t take 80C benefits here. For this, both purchase and registration should be in the same financial year.

      Reply
      • June 4, 2014 at 2:35 PM
        Permalink

        Thanks Soubhagya for quick reply.

        Reply
        • June 4, 2014 at 8:30 PM
          Permalink

          Most welcome Vivek.

          Reply
  • June 9, 2014 at 6:32 PM
    Permalink

    Hi Soubhagya,

    I have purchase ( Through Home Loan) residential plot last month and paid 2.8 Lac stamp duty . would like to know if I am eligible to claim under 80C for plot (A Katha site).
    Thanks
    Vino

    Reply
    • June 9, 2014 at 10:26 PM
      Permalink

      Hi Vino,

      It is allowed for residential house property, not for residential plot.

      Reply
  • June 16, 2014 at 10:11 AM
    Permalink

    HI Soubhagya,
    I have recently booked a flat and have paid stamp duty ,registration and got the agreement copy of the flat also.but the actual possession is in mat 2016.So can i get the tax rebate on Stampt duty this year.

    To show the possession ,copy of afgreement is enough or any other document is required for it??

    Regards,
    Ravi Negi

    Reply
    • June 16, 2014 at 8:30 PM
      Permalink

      Hi Ravi,

      To take the advantage of deduction in this case, you should get the possession within this financial year only i.e. before 31st March 2015.

      To show possession, you should get possession certificate from the builder.

      Reply
  • June 18, 2014 at 11:37 AM
    Permalink

    HI Soubhagya,

    I purchased a property in Feb 2014 and paid registration and stamp duty charges in March2014. The possession of flat will be within next 2-3 months.

    Should i get tax benifit for uder 80C. If so, what documents need to be submitt while income tax ruturn filling.

    Please respond me ASAP.
    Regards,
    Jamir

    Reply
    • June 18, 2014 at 1:01 PM
      Permalink

      Hi Jamir,

      Your possession date should have been before March 2014 to avail deduction for the AY 204-15. You won’t get any benefits if you occupy any date or any year after March ending 2014.

      Reply
      • June 18, 2014 at 2:46 PM
        Permalink

        Hi Soubhagya,

        Thanks for your reply.

        This means i will get benifit for the same for next AY 2015-2016?

        Regards,
        Jamir

        Reply
        • June 18, 2014 at 3:30 PM
          Permalink

          Hi Jamir,

          What I said is, if you would have got the possession before 31st March 2014, then you could have got the benefits for the AY 2014-15.

          Reply
  • July 9, 2014 at 6:10 PM
    Permalink

    Hi i purchased an under contruction flat in february 2014 and paid Stamp duty on 06/02/2014 and i will get possesion in january 2015 when can i claim for stamp duty

    Reply
    • July 9, 2014 at 6:33 PM
      Permalink

      Hi Gratian,

      You won’t get the benefits because Stamp Duty paid and Possession are not in the same financial year.

      Reply
  • July 10, 2014 at 2:26 PM
    Permalink

    Hi Soubhagya,

    I had paid stamp duty of Rs. 3,66,000/- for home purchased jointly on my wife and my name on 24th March 2014 whose sale deed happened on 26th March 2014.

    Can we claim Rs. 1 Lac each under Sec 80 C?

    Reply
    • July 10, 2014 at 10:46 PM
      Permalink

      Hi Ankit,

      Yes! you can.

      Reply
  • July 10, 2014 at 2:36 PM
    Permalink

    I purchased house in July 2014 and paid stamp duty of rs. 2.5 lac as resale from other person but this is a new house no body is staying before it but as mention you earlier that it should be new house so can i get deduction for the A.Y. -2015-16 or i am not elegible for it

    Reply
    • July 10, 2014 at 11:29 PM
      Permalink

      Hi Chandan,

      Still it’s a resale property, thus stated benefits may not be applicable.

      Reply
  • July 16, 2014 at 6:51 PM
    Permalink

    Hi Soubhagya,
    I had paid stamp duty of Rs. 1,26,000/- for home purchased on 20th June 2013 whose sale deed happened on 26th June 2013.
    Can we claim Rs. 1 Lac each under Sec 80 C?
    Also I have not filed IT return last year. Please suggest…How can file my IT for 2 financial years.

    Reply
    • July 17, 2014 at 12:06 AM
      Permalink

      Hi Nilesh,

      Yes you can claim deduction u/s 80C in your case. You can file ITR for both FY 2012-13 & FY 2013-14 which is simply available online at ITD site. In case you need our assistance you can write to us at info@succinctfintech.com

      Reply
    • June 26, 2015 at 9:51 AM
      Permalink

      I am purchased site and registration fee for 120000 month of Jan 2014. can I avail this benefit under Sec 80C. kindly reply me

      Reply
      • June 26, 2015 at 9:16 PM
        Permalink

        Hi Giresh,

        Unfortunately it doesn’t apply on purchase of site.

        Reply
  • July 19, 2014 at 11:22 AM
    Permalink

    HI Soubhagya,

    I I purchased a flat in oct 2013 and and paid paid registration and stamp duty charges in oct2013. The possession of flat will be in aug 2014.

    Should i get tax benifit for uder 80C. If yes, what documents need to be If so, what documents need

    Thanks
    Gajanan

    Reply
    • July 19, 2014 at 9:14 PM
      Permalink

      Hi Gajanan,

      Possession should have been in the same financial year when you paid registration & stamp duty charges i.e. FY 2013-14. You will not get 80C benefits here.

      Reply
  • July 19, 2014 at 11:37 PM
    Permalink

    Hi Soubhagya,

    We have purchased a land in July 2013. The registration cost was around 2lakhs. Is this possible my husband and I both claim 1 lac each under 80C?

    Thanks,
    Bharathi.

    Reply
    • July 26, 2014 at 5:36 PM
      Permalink

      Hi Bharathi,

      It is not applicable on land purchase.

      Reply
  • July 25, 2014 at 11:55 AM
    Permalink

    Why resale property is not included 🙁

    Is there any other section under which we can claim stamp duty registration and registration charges of resale property

    thanks

    Reply
    • July 25, 2014 at 2:15 PM
      Permalink

      Hi Nilesh,

      Whether you buy new or resale home, both way you pay stamp duty & registration charges, but as per rule deduction is applicable only on purchase of new house property. What to do? They say Rule is Rule!

      Reply
  • August 12, 2014 at 10:33 PM
    Permalink

    Hi ,

    I purchase new house in july 2012 , paid stamp duty +registration is = 100000
    and service tax +vat=68000 in November 2013 for that property .

    Can I claim for tax exemption or refund on tax for this amount 167000 ?

    If yes under which category I should apply it ?

    Thanks in advance,
    Laxman

    Reply
    • August 15, 2014 at 6:24 PM
      Permalink

      It is not possible.

      Reply
  • September 15, 2014 at 4:47 PM
    Permalink

    Dear sir, Could you please confirm on below –

    I have purchased under construction property. Stamp Duty and Registration have been paid in Sept 2014. My expected possession date would be around May 2015. Considering your point no. 3 in above statement, does that mean I cannot claim Stamp Duty and registration in the current year i.e FY 2014-15? if so, the Point no. 2 is somehow misleading.

    Hope for your suggestion on the same. Thank you!

    Regards,
    Rushikesh Kalyani

    Reply
    • September 15, 2014 at 6:51 PM
      Permalink

      Hi Rushikesh,

      It is not at all a misleading statement. A simple understanding is; no 80C benefits are allowed until construction is completed or you take possession. And when you connect statement no. 2 & 3, then obviously it says, both payment of stamp duty/registration fee and completion/possession should be in same FY. Hope I clarified you queries.

      Reply
      • September 16, 2014 at 2:59 PM
        Permalink

        Thank you so much for your reply Soubhagya!

        So in that case, I might not get the benefit of Stamp Duty /Registration fees if my possession is in next FY?

        Thanks again!
        Rushikesh Kalyani

        Reply
        • September 16, 2014 at 5:48 PM
          Permalink

          Hi Rushikesh,

          I am sorry to say 🙁 Yes, you won’t.

          Reply
          • September 16, 2014 at 10:49 PM
            Permalink

            🙁 🙁 Anyways… !!!

            Thank you so much for your valuable suggestions Soubhagya!!

            Have a great day!

  • September 16, 2014 at 10:24 AM
    Permalink

    I have purchased a new flat in installments. Only Agreement of sale has been done in Ayg 2013 for the purpose of Home loan. Property is still not registered in my name. If I get register the property in Sep 2014, will I eligible for deduction? Possession certificate is physically not given by Builder.

    Reply
    • September 16, 2014 at 8:16 PM
      Permalink

      Hi Shilpi,

      Get the possession certificate as well. Then chance are good.

      Reply
  • September 17, 2014 at 8:41 PM
    Permalink

    Hi,
    I am going to buy the house which I am currently resident in(rented). I have not taken any home loan but my parents are planning to register the house in my name.

    Can I claim for 80c exemption for stamp duty and registration?

    Thanks in advance 🙂

    Reply
    • September 18, 2014 at 8:20 PM
      Permalink

      Hi Akshay,

      I assume, your parents are incurring all the costs, then how will you to take the advantages? It’s not possible! And the very first thing is, it would be a resale house property. In such case, stated benefits are not given.

      Reply
  • September 25, 2014 at 12:02 PM
    Permalink

    What are the documents required to claim Stamp Duty and Registration Charges

    Reply
    • September 25, 2014 at 2:13 PM
      Permalink

      Hi PD,

      You need to have all the proofs of payments pertinent to such registration and stamp duty.

      Reply
  • September 30, 2014 at 11:32 AM
    Permalink

    if i made agreement in Oct.2014 and will get possesion in July.2015 so can i claim for stamp duty & registration if i fill ITR in say Aug.2015 ?

    Reply
    • October 1, 2014 at 9:25 PM
      Permalink

      Hi Sachin,

      It won’t be allowed. I believe registration and payment of stamp duty happens in Oct’14 and possession in Aug’15.

      Reply
  • November 23, 2014 at 3:25 PM
    Permalink

    I have purchase a residential property in October 2014 and for which I paid an amount of Rs 137000/- as stamp duty and registration charges in November 2014. The possession of the property is in March 2016. Can I get an Exemption of stamp duty and registration charges in the current Assesement year.

    Reply
    • November 24, 2014 at 11:21 PM
      Permalink

      Hi Suyog,

      If the possession would have been before March 2015, then you could have got the deduction eligibility for FY2014-15 .

      Reply
  • December 1, 2014 at 4:09 PM
    Permalink

    I have purchased a New house which has been given out on rent. Can the stamp duty and the registration fee for this house be deducted from my income as an expense?

    Reply
    • December 3, 2014 at 1:47 PM
      Permalink

      Hi Deepak,

      Yes! you can.

      Reply
  • December 10, 2014 at 12:30 PM
    Permalink

    U/s 80C one can claim deduction of stamp duty paid, registration charges and other expenses paid in course of transfer of house property. I understood that stamp duty and registration fees should be paid in same financial year in which possession is received in order to claim deduction, but does the same rule applies for other expenses as well. Can we consider VAT , service tax, MSEB + society formation , maintenance..in other expenses to claim deduction u/s 80C.

    Reply
  • December 10, 2014 at 6:07 PM
    Permalink

    Stamp duty value and registration fees will be allowed only if incurred in same financial year in which possession was received, otherwise assessee will not be able to claim deduction u/s 80C. But I am not sure whether same will apply in case of other expenses as well and whether other expenses includes; VAT , service tax , MSEB, Society formation charges . Sir please suggest .

    Reply
    • December 13, 2014 at 9:09 AM
      Permalink

      Hi Manjushree,

      Said provision allows deduction for the expenses made towards Stamp Duty & Registration Fee. I don’t think other costs mentioned in question are allowed!

      Reply
      • December 23, 2014 at 3:59 PM
        Permalink

        Thanks Soubhagya, but practically in most cases it happens that stamp duty and registration fees are paid first and than later on possession is received , so it never happens that payment and possession falls in same financial year and this cannot be reason to disallow such huge payments just because possession was not received in same financial year.

        Reply
        • December 23, 2014 at 8:51 PM
          Permalink

          Hi Manjushree,

          The plight is, this is the rule only!

          Reply
  • December 19, 2014 at 2:45 PM
    Permalink

    Hello Soubhgya Kumar,

    I did purchase a flat around March 2014.
    I think I can show the cost of Stamp duty in the FY 2014-15..right?
    I have the absolute sale deed and registration copy. Is absolute sale deed enough for the proofs to be submitted under section 80-C..Stamp duty?

    Reply
    • December 27, 2014 at 9:53 AM
      Permalink

      Hi Ravindra,

      Purchase of flat is during March 2014 will be considered for the FY 2013-14, if you have paid stamp duty and registration cost during March 2014 then you should have claimed deduction for the FY 2013-14 (i.e. Assessment year 2014-15) only, but not for FY 2014-15.

      Reply
  • December 23, 2014 at 4:20 PM
    Permalink

    On the stamp duty and registration fees paid receipt only wife’s name is appearing whereas the property is coowned by husband and wife , so can they claim 50:50 deduction of said expenses u/s 80C

    Reply
  • December 23, 2014 at 4:21 PM
    Permalink

    On the stamp duty and registration fees paid receipt only wife’s name is appearing whereas the property is co-owned by husband and wife , so can they claim 50:50 deduction of said expenses u/s 80C?

    Reply
    • December 23, 2014 at 9:00 PM
      Permalink

      Hi Manjushree,

      Yes, if they can justify the shares of contribution for such fees.

      Reply
  • December 26, 2014 at 1:08 PM
    Permalink

    Hi,

    I have paid stamp duty for Sale agreement, MOD between me and bank; and for Sale Deed. Other than stamp duty, I have paid registration fees as well.
    Out of all above, what all amounts can I claim under Income tax act ?

    Reply
    • December 26, 2014 at 9:38 PM
      Permalink

      Hi Sourabh,

      You can claim deductions for Stamp Duty & Registration fee paid subject to fulfillment of the conditions as stated in the article.

      Reply
  • December 30, 2014 at 5:44 PM
    Permalink

    Hi ,

    I have bought a new flat in a cooperative housing society from builder in Pune in May 2014 & paid the stamp duty and registration fees = Rs. 3,35,000/-
    The home loan is joint loan (Me and my wife). I have took possession of this flat on 1st June 2014. Me & my wife can get the tax benefit for this stamp duty and registration amount for FY 2014-15 ? If yes, then shall we get 50-50 tax benefit or on whole amount individually?

    Thanks,
    Yogesh

    Reply
    • January 9, 2015 at 12:19 PM
      Permalink

      Hi Yogesh,

      Yes you both can.

      Reply
  • December 31, 2014 at 7:00 PM
    Permalink

    I bought flat in Pune. It is under construction. I borrowed stamp of 230000 on dec 30 and it is according to government valuation. Now i am going to register it in jan 2015 first week. Suppose if ready recknor rates are revised then do i need to pay stamp duty again for the additional updated amount? Or i do not have to pay it as i have taken stamp as per the government valuation at that time.

    Reply
    • December 31, 2014 at 11:38 PM
      Permalink

      Hi Onkar,

      Sorry. I am unable to answer this question!

      Reply
      • January 12, 2015 at 5:23 PM
        Permalink

        Hi Kumar

        I have taken apartment on July 2013 , but i have filled IT return without claiming the stamp duty & registration charges which i have paid but i claimed under 80EE , so now i have got the notice saying that Notice 139(9) ,. what can be done ?

        Reply
        • January 29, 2015 at 10:36 AM
          Permalink

          Hi Eshwar,

          It was wrong! You need to file revised returns for the same.

          Reply
  • January 2, 2015 at 12:33 PM
    Permalink

    Hi, I have puchase a flat with my wife as partner.My wife is in Govt,. secvice ,and she want 80 c deduction in tax saving as Registration and stamp duty. In the receipt the client name is as ” sandipan and other” and no name of my wife in receipt of registration and stam duty of as second owner.My she have to submit the certified copy of deed or xerox copy of sale deed where the name of second owner is dictated.
    Either both can or only my wife can claim the deduction?
    please give me suggestion…..

    Reply
    • January 5, 2015 at 10:43 AM
      Permalink

      Hi Sandipan,

      I don’t think there is any issues here. You both can claim the benefits of deduction.

      Reply
  • January 5, 2015 at 11:25 AM
    Permalink

    Hi Soubhagya,

    I’ve purchased the plot in April ’14 and constucted the house on it without going for house loan, during the plot registration I’ve paid the registration & stamp duty charges as INR 20,000 and the possession of the house in going to be Jan ’15 so could you please let me know can I avail this benefit under Sec 80C for the year 2014-15?


    Thanks,
    Shasha

    Reply
    • January 22, 2015 at 11:51 PM
      Permalink

      Hi Shasha,

      Yes, you can!

      Reply
  • January 13, 2015 at 2:29 PM
    Permalink

    Hi Soubhagya,
    I have purchased a house (Old construction residential property) on Oct 2014. Can I claim the tax benefit for the registration changes approx 3 Lakhs for this?
    Is there any pre-requisite that the tax benifit is only for newly constructed house, or even old construction is fine?
    Please help me with this.
    Regards,
    Suhas.

    Reply
    • January 28, 2015 at 11:42 PM
      Permalink

      Hi Suhas,

      I didn’t understand the term “old construction”. Is it a prolonged construction or resale property constructed earlier but not by you. FYi, for resale property it will not be allowed.

      Reply
  • January 13, 2015 at 9:04 PM
    Permalink

    HI, I have purchased and registered a new residential apartment in the month of December 2014 and paid stamp duty and registration charges. Is that I am eligible for the exception for this year?. If yes what document need to be submitted for declaration. I have registered sale deed. Anything else to be submitted?

    Reply
    • January 28, 2015 at 11:50 PM
      Permalink

      Hi Kumareshan,

      Just payment acknowledgement/certificate will be enough.

      Reply
  • January 14, 2015 at 11:27 AM
    Permalink

    Sir ,there is any ration of duduction of tax me and with my wife

    Reply
    • January 14, 2015 at 11:28 AM
      Permalink

      Sir ,there is any ratio of duduction of tax me and with my wife ?

      Reply
      • January 22, 2015 at 11:30 PM
        Permalink

        Hi Sandipan,

        Can’t say, but you may get it as per the ratio of ownership!

        Reply
  • January 22, 2015 at 11:03 PM
    Permalink

    I am confused about the receipt for stamp duty charges paid.

    I have got the receipt for Registration Charges (both land and construction), and documents such as Sale Agreement, Construction Agreement, Sale Deed, etc.

    Do I have to get the separate receipt for stamp duty paid from my builder?

    Reply
    • January 22, 2015 at 11:29 PM
      Permalink

      Hi Sivakumar,

      You will get it at Sub-Registrar office!

      Reply
  • January 27, 2015 at 9:56 AM
    Permalink

    I have paid stamp duty on 26 of march 2014. can I claim it under Sec 80C for the assessment year 2015-16

    Reply
    • January 28, 2015 at 11:08 PM
      Permalink

      Hi Ashok,

      It should have claimed for the AY 2014-15. It won’t be allowed for AY 2015-16

      Reply
  • January 27, 2015 at 3:10 PM
    Permalink

    Hi,
    If I book a flat on Jan 26th 2015 (to the agent) and Register the flat by April 1st 2015. And possession is by Jan 2016. Can I claim for stamp duty and registration charges for that year.

    Reply
    • January 28, 2015 at 11:21 PM
      Permalink

      Hi Ashok,

      Seems your flat’s registration will be during FY 2015-16 & possession will be in the same financial year. In this case you can claim the benefits of the deduction towards stamp duty and registration charges paid for the year.

      Reply
  • February 20, 2015 at 5:42 PM
    Permalink

    I have purchased a new flat in 2014 and i have paid the stamp duty .

    Builder asking me now to pay the service tax and vat.

    can you please tell me how much the service tax & vat applicable for me

    Reply
    • February 23, 2015 at 11:40 PM
      Permalink

      Hi Sunil,

      Sorry, I may not be able to give a correct answer to this.

      Reply
  • February 20, 2015 at 7:57 PM
    Permalink

    Hi,
    I have booked the flat in jan’2015 and my agreement will be in March’2015 and my possession will be in Dec’2015 so i can get tax benefit on stamp duty and registration for this year.

    If not please suggest how to get benefit.

    Regards
    sagar

    Reply
  • February 20, 2015 at 8:08 PM
    Permalink

    Hi,
    I have booked the flat in jan’2015 and my Registration will be in March’2015 and my possession will be in Dec’2015 so i can get tax benefit on stamp duty and registration for this year.

    If not please suggest how to get benefit.

    Regards
    sagar

    Reply
    • February 23, 2015 at 11:23 PM
      Permalink

      Hi Sagar,

      It could be in your favor if the possession happens on or before March’2015 else you won’t get any deduction benefits for the FY 2014-15.

      Or Registration & Possession during FY 2015-16 to get the claims for the same FY.

      Reply
  • February 21, 2015 at 4:11 PM
    Permalink

    It is intimation that I Chandra Bhan Singh is serving in CISF(MHA). I have purchased a residential old house at Agra city of my wife namely Chandrawati. She is house wife and wholly dependent on me. The total cost of the house is Rs.10 Lakh, which was occurred from my GPF and personnel saving. I am a PAN card holder and filed Income Tax return regularly to the Govt. The Stamp duty and registration fee of the said house is Rs.70,020/- which was paid by me. Now we are both the house owner, as per rule.

    In this regard it is requested that kindly clarify, whether the amount of Rs.70,020/- which was spent by me for Stamp duty and registration will entitle for the benefits of under section 80C of Income tax. If not, house property income of the said house will added in my income in future or otherwise. Thanking you.

    Reply
  • February 21, 2015 at 4:17 PM
    Permalink

    It is intimation that I Chandra Bhan Singh is serving in CISF(MHA). I have purchased a residential old house at Agra city of my wife namely Chandrawati. She is house wife and wholly dependent on me. The total cost of the house is Rs.10 Lakh, which was occurred from my GPF and personnel saving. I am a PAN card holder and filed Income Tax return regularly to the Govt. The Stamp duty and registration fee of the said house is Rs.70,020/- which was paid by me. Now we are both the house owner, as per rule.

    In this regard it is requested that kindly clarify, whether the amount of Rs.70,020/- which was spent by me for Stamp duty and registration will entitle for the benefits of under section 80C of Income tax. If not, house property income of the said house will added in my income in future or otherwise. Thanking you

    Reply
    • February 23, 2015 at 11:39 PM
      Permalink

      Hi Chandra,

      I hope you have read the conditions to be eligible to take such claims u/s 80C. To reiterate, the said house property should be a new one, you should have also paid the Stamp Duty & Registration cost during the same financial year in which you got the possession.

      Since all the payments are made by you even stamp duty & registration cost, thus such deductions will be allowed for you only. Also any income from the said house property will be added to your income and taxed according to your tax slab.

      Reply
  • February 23, 2015 at 8:49 PM
    Permalink

    I have purchase ( No Home Loan) residential plot last month and paid stamp duty . would like to know if I am eligible to claim under 80C for plot ? I have no plan for house construction in near future.

    Reply
    • February 23, 2015 at 10:05 PM
      Permalink

      Hi Bhima,

      80C benefits will not be allowed for payment towards stamp duty & registration on purchase of plots.

      Reply
  • March 3, 2015 at 2:28 PM
    Permalink

    Hi Soubhagya,

    Can VAT and Stamp Duty for a New House be declared for Exemption?

    Reply
    • March 4, 2015 at 10:47 AM
      Permalink

      Hi Preeja,

      It will be Stamp Duty, but not VAT.

      Reply
  • March 9, 2015 at 7:15 PM
    Permalink

    Hi,

    If builder is paying stamp duty and registration charges now, can i claim it under sec 80C benefits?

    Reply
    • March 18, 2015 at 1:01 AM
      Permalink

      Hi Raj,

      It should be paid by you.

      Reply
  • March 24, 2015 at 12:40 PM
    Permalink

    Hello Soubhagya,
    I am planning to purchase resale property in Pune. Any idea how much Stamp Duty/Registration I have to pay Government?

    Ashish

    Reply
    • March 27, 2015 at 3:22 PM
      Permalink

      Hi Ashish,

      Sorry! I have no idea on this.

      Reply
  • April 28, 2015 at 1:53 PM
    Permalink

    Firstly.. Awesome Job on this post and reply.. wonder fully helped..!

    Thou I have a query.. I have signed a agreement for sale in 2013 (on 20 rupees stamp). (paid a lakh on the agreement)

    Now that the flat is complete and Ready to be occupied, I am planning to register in May 2015. Am I able to get tax exempt for this 2015-2016 year?

    Kindly reply..
    Sam

    Reply
    • April 28, 2015 at 1:58 PM
      Permalink

      Also yet to pay 25 lakhs (awaiting registration)..

      Reply
      • June 16, 2015 at 9:26 PM
        Permalink

        Hi Sam,

        Thank you for appreciating & sorry for my late response!

        If your occupancy & registration is happening in current financial year (FY 2015-16) then yes you can take the benefits of deductions for the FY 2015-16.

        Reply
  • May 5, 2015 at 3:28 PM
    Permalink

    Hello Soubhagya,
    I bought a residential plot in January 2015. Can I claim the Stamp Duty and Registration charges for the Fy 2015-16. Please confirm.

    Regards,
    Anudeep

    Reply
    • June 16, 2015 at 8:10 PM
      Permalink

      Hi Anudeep,

      Unfortunately, this deduction will not be allowed on purchase of residential plot.

      Reply
  • June 29, 2015 at 11:06 AM
    Permalink

    Hi,
    I have purchased new flat in Oct-2014 and paid stamp duty in DEC 2014. I will get possession in Dec2015. When should i claim stamp duty? in which FA?

    Reply
    • June 30, 2015 at 11:08 PM
      Permalink

      Hi Chetan,

      Your possession should have been in the same financial year in which you paid stamp duty & registration cost i.e. FY 2014-15. But in actual, you will get possession in FY 2015-16, thus deduction will not be allowed.

      Reply
  • July 3, 2015 at 4:18 PM
    Permalink

    hi Soubhagya Kumar,

    I have booked flat and registration date is 24th July-2015. can i claim the tax benefits for the stamp duty and registration amount. What are all the documents need to submit for tax benefits.

    Thank you.

    Regards,
    Satish Tuppad

    Reply
    • July 3, 2015 at 4:22 PM
      Permalink

      its new flat and ready to possession.

      Reply
      • July 3, 2015 at 9:35 PM
        Permalink

        Hi Satish,

        If you get the possession before March March 31, 2016 then you will be eligible to get the deduction for the FY 2015-16 as stated in this blog post. This should be both a new flat & at the same time it should be ready to possession.

        Reply
  • July 8, 2015 at 12:40 PM
    Permalink

    Hi Soubhagya
    First of all Heads up to you for the patiently replying each and everyone’s valuable queries. All the best.

    I have also one query,

    As per my understanding, For housing loan tax exemption we can get the tax deduction in under the section of 80C, 80EE and 24. But I am not 100% sure how it works.

    Under 80C : Housing Loan Principal Re-payment/ Stamp Duty & registration fees for the purpose of transfer of property
    Under 24 : Interest Rebate on housing loan
    Under 80EE: Additional deduction in respect of interest on loan taken for residential house property

    On September 2013 I have booked a flat and in Oct-2013 I did the construction Agreement and Sales Agreement with Builder. The Agreements Franking charges around Rs 3500 I have declared under 80C in Financial Year 2013-2014 IT actual IT declarations and I got the benefits.
    And the Interest for the Housing Loan up to 100000 I had declared under 80EE for financial Year 2014-2015 an I got the benefit.

    Now In July 2015/August 2015 I am going to occupy the Flat and I wil do the Registartion.
    Now In this case Can I declare the Stamp duty Charge i.e 1% of the property value and Registrion around 6.5% of property value under 80C?
    Once I took the possession Can I declare the Interest Rebate on housing loan under 24 or 80EE ? As my Loan sanction date is oct 2013.

    Thanks for your reply.

    Reply
  • July 9, 2015 at 11:31 AM
    Permalink

    First of all Heads up to you for the patiently replying each and everyone’s valuable queries. All the best.

    I have also one query,

    As per my understanding, For housing loan tax exemption we can get the tax deduction in under the section of 80C, 80EE and 24. But I am not 100% sure how it works.

    Under 80C : Housing Loan Principal Re-payment/ Stamp Duty & registration fees for the purpose of transfer of property
    Under 24 : Interest Rebate on housing loan
    Under 80EE: Additional deduction in respect of interest on loan taken for residential house property

    On September 2013 I have booked a flat and in Oct-2013 I did the construction Agreement and Sales Agreement with Builder. The Agreements Franking charges around Rs 3500 I have declared under 80C in Financial Year 2013-2014 IT actual IT declarations and I got the benefits.
    And the Interest for the Housing Loan up to 100000 I had declared under 80EE for financial Year 2014-2015 an I got the benefit.

    Now In July 2015/August 2015 I am going to occupy the Flat and I wil do the Registartion.
    Now In this case Can I declare the Stamp duty Charge i.e 1% of the property value and Registrion around 6.5% of property value under 80C?
    Once I took the possession Can I declare the Interest Rebate on housing loan under 24 or 80EE ? As my Loan sanction date is oct 2013.

    Thanks for your reply.

    Reply
    • July 10, 2015 at 9:07 PM
      Permalink

      Hi Hemanta,

      If your registration fee payments & procession both are happening during FY 2015-16 then yes, you will be entitled to get the deduction benefits for the current FY. But I am unclear with your explanation that, before registration & procession you have already claimed Principal repayment & Interest paid deduction benefits during previous FYs.

      Under 80EE, max deduction of Rs. 1,00,000, and you have already claimed that during FY 2014-15, so no further deductions will be allowed under this section.

      Reply
      • July 16, 2015 at 5:29 PM
        Permalink

        Thanks Soubhagya for the reply.
        That time under 80EE i had declared the bank Interest amount on my housing loan that EMI I am paying monthly. That amount I had declared under 80EE.

        Reply
  • July 12, 2015 at 2:58 PM
    Permalink

    Hi
    I have recently bought a flat on me and my wife’s name. On stamp duty agreement we have both of our names mentioned. The stamp duty agreement cost is 2.6 lakh. Can we both declare the stamp duty agreement cost in 80c section? Also, is there any option to declare this amount on both of our 80c section with some %? The possession is around December 15 and Home loan is only on my name.

    Thanks in advance
    Uday

    Reply
    • August 16, 2015 at 8:50 AM
      Permalink

      Hi Uday,

      Yes you both can claim 50:50 of stamp duty paid under 80C for the FY 2015-16 upto amount of Rs. 1,50,000 each.

      Reply
  • July 22, 2015 at 9:47 PM
    Permalink

    I am going to purchase a Resale flat. Can i claim Stamp Duty and Registration fee paid under 80C or any other for tax rebate Purpose, or Is it like that it can be claimed only in case of flats bought from the builder. Please let me know what will be case if so called flats are being sold as from investor as well, so can it be claimed in that case. And for how many property or how how many times duty paid for different property can be claimed for Tax benefit…

    Thanks for your prompt reply..

    Reply
    • July 26, 2015 at 12:09 PM
      Permalink

      Hi Ravin,

      It’s not allowed for resale property.

      Reply
  • August 4, 2015 at 10:37 AM
    Permalink

    dear sir
    bought new flat in dec 2014
    possession got 28 july 2015.
    can i claim stamp registration in 80c file filing current e file.
    thanks

    Reply
    • August 16, 2015 at 9:34 AM
      Permalink

      Hi Rajesh,

      When did you pay Stamp Duty & Registration fee?

      Reply
  • September 25, 2015 at 11:19 AM
    Permalink

    Hello,

    I had purchased an under construction flat in Pune in 2013, And got the registration done on 22nd March -2013,Since the builder did not give possession on time as per agreement i.e on Dec-2014,I had to cancel the Agreement .Builder and I cancelled the Agreement thru Cancellation Deed and got it registered on 23rd of September 2015.So can i re-claim my stamp duty and registration Amount paid during registration in 2013 now that i have cancelled the agreement.Kindly suggest ASAP.

    Thanks

    Reply
    • October 1, 2015 at 6:45 PM
      Permalink

      Hi Rakesh,

      No! You can not

      Reply
  • March 4, 2017 at 5:05 PM
    Permalink

    my home registration done on 02 march 2017. and i will do first agreement on 25 march 2017. date of registration and stamp duty paid was 02 march 2017. then can i show this amount on when i fill itr return of 2016-2017. can this amount refund from income tax.

    Reply
    • March 4, 2017 at 5:59 PM
      Permalink

      Hi Pritam,

      This amount doesn’t come back as refund, but the tax paid to the extend of 80C this amount covers will come back. For eg. as per 20% tax slab Rs. 30,000 tax was deducted because of Rs. 1,50,000 80C gap & now if these stamp duty & registration costs put together covers it then you will be eligible for Rs. 30,000 refund.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php
Read previous post:
New PAN application form 49A, 49AA Notified: Documents required to apply PAN Card

CBDT (Central Board of Direct Taxes) has amended the rules pertaining to application of new pan card issued in its notification...

Close